The plan would affect millions of borrowers struggling with runaway interest and others who were still paying off loans after decades. It was set to take effect this fall.

A federal court in Georgia has halted an upcoming federal student loan forgiveness program in advance of its anticipated launch this fall.

A U.S. judge on Thursday temporarily blocked President Joe Biden's administration from implementing its latest student debt forgiveness plan, just days after seven Republican-led states filed a lawsuit seeking to halt it.

The order arrives days after 7 Republican-led states sued to block the Biden administration from advancing a plan to forgive the interest on the federal student loans of 25 million Americans.

Higher education is believed by many to be a bridge to a financially secure future. But for the more than 43 million Americans who together owe $1.6 trillion in student debt, that bridge gets longer and harder to cross when federal courts continue to block programs designed to relieve borrowers of the rising costs of loan repayment.

The U.S. Supreme Court declined on Wednesday to revive President Joe Biden's student debt relief plan, giving a boost to Republican-led states that have sued to block it.

A federal judge in Georgia on Thursday issued an order blocking a program from the Biden administration that would waive hundreds of billions of dollars in federal student loan debt.

Key Takeaways A federal judge has temporarily blocked President Biden's latest program to forgive student loan debts.The latest legal setback for the Biden administration means an uncertain future for the 30 million borrowers who stand to benefit from the program.

A federal court put a temporary restraining order on Biden's second try at broad student-loan forgiveness, which was set to be carried out next month.

A new lawsuit filed by a coalition of Republican-led states has alleged that the Biden administration has illegally directed student loan servicers to begin canceling student loans. The suit, filed Tuesday,